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THE GURU'S CORNER
Technically speaking...
Commentary: Equities overbought; bonds near tradable low
NEW YORK (MPTrader) -- Since June of last year, the Standard & Poor's 500 Index rallied from 1219 to just over 1450 (as of Tuesday's intraday high), with almost every pullback making a higher low. The index no doubt is overbought technically and relatively risky here on the long side, yet at the same time there appears to be some unfinished business on the upside, however brief it may turn out to be.
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http://www.marketwatch.com/news/story/commentary-equities-ov…